Post Utme Eksu 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company has an incomplete record of its transactions. The record shows that the company has a credit balance of ₦50,000 in the cash account and a debit balance of ₦20,000 in the accounts payable account. What is the net effect on the company's financial position?

Answer Options

A. The company's financial position is improved.
B. The company's financial position is worsened.
Correct Answer C. The company's financial position remains unchanged.
D. The company's financial position is neutral.
Correct Answer
C
Correct Option:
The company's financial position remains unchanged.

About This Question

This is Post Utme Eksu 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

View More Post Utme Eksu 2023 Accounting Questions More Post Utme Eksu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support